Australia’s AUSTRAC is leading a formidable global charge against organised crime, terrorism, money laundering and tax evasion through the newly created Fintel Alliance.
Regulatory reforms following last year’s terrorist atrocities in Paris are just one example of tail-winds driving smarter anti-money laundering and know your customer technologies.
Jacqueline Planner, director of financial crime risk at Huntswood, examines how financial crime risk assessments can protect your firm and safeguard its reputation.
In an effort to alleviate growing concerns about the facility, a group of Geneva based art dealers and lawyers recently formed the Responsible Art Market (“RAM”) initiative. The first organisation of its kind, RAM aims to inform professionals in the art world about the financial crime risks faced by the industry.
Philip Baker QC specialises in international aspects of taxation, with a particular interest in taxation and the European Convention on Human Rights.
As financial criminals innovate their methods and the costs of compliance mount, financial institutions are responding by centralising their data and investigations.
European Union lawmakers have rejected a proposed blacklist of countries at risk of money laundering and terror financing because it is too limited.
KYC360’s Tom Devlin interviews Jennifer Haslett, who has been working on international engagement on tax policy for the UK’s Treasury and tax collection authority since 2011.
On November 8, 2016, Indian Prime Minister Narendra Modi announced in a televised speech that 500 and 1,000 rupee notes would no longer be legal tender, swiftly rendering 86 per cent of cash in the ...
Tom Devlin, barrister and partner at Stephen Platt and Associates LLP, unpicks recent anti-money laundering scandals in the finance industry. He looks in detail at what went wrong, how word got out, and how the failings ...
The Laundromat is a name given by the Organized Crime and Corruption Reporting Project to a vast money-laundering scheme. Between autumn 2010 and spring 2014 Russian officials and insiders moved billions of dollars into Europe, ...
The Financial Conduct Authority (FCA) is being scrutinised by a government audit, alongside a number of other agencies focused on preventing scams and economic crime. According to the Financial Times the FCA is one of a ...
The United States has blacklisted nearly all Latin American countries for money laundering in 2017. InSight Crime explores why this is the case, and discusses some of the achievements and failings of regional anti-money-laundering efforts ...
Business pressure to weaken bribery laws and government’s inability to focus on non-Brexit issues are also concerns, says group.
Crime gangs are exploiting corruption at European borders to smuggle vast quantities of illicit goods, a new report warns.
As part of the EU, the UK has to adhere to the Anti-Money Laundering Directive which is looking at transparency of trusts – but not for much longer.
Three units of London-based Barclays Plc have been penalized by Australia’s securities regulator for failing to tell clients they didn’t hold local financial services licenses and instead were regulated overseas.